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Edmonton real estate market - Home Prices Drop in July
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. d3 E2 W9 h! P' @! JInformation was from the follow link:
+ D; a( _9 S7 bhttp://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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New listings: 456 (492, 455, 529)4 p6 j2 L1 E' G( `( V0 f
# Sales: 198 (276, 228, 218)
" `9 y9 @& j0 \$ aRatio: 43% (56%, 50%, 41%)3 ^+ q! K' U3 D
# Price changes: 341 (390, 363, 369)7 c# X4 M D7 l# z- k7 h$ M+ [" P
# Expired/Off Market Listings: 174 (221, 226, 204)$ k' P) f+ h3 |' N' F4 O
Net loss/gain in listings this week: 84 (-5, 1, 107)2 ~; m4 i; g0 `' s+ j8 r+ [# {! P
Active listings for single family homes: 3454 (3395, 3374, 3329)
/ h3 N! T7 g" t/ e: K9 QActive listings for condos: 2253 (2232, 2209, 2217)! @* d. p6 h5 |. A a( B
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Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing. . C% ?8 n: N0 `3 z" i, i) E y$ q# W
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@8 W( \* S0 kThe REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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